Life vs. Death

Source Solari

What we are watching price out through the political process is life vs. death. More specifically, the financial value of the life and death of various groups and ages of people vs. the life and death of large banks and corporations. In a market economy, if a person's skills become outdated, the theory is that they will be encouraged by their need to generate income to learn new skills or change. If a large bank or corporation can no longer generate revenues to cover its operations, likewise the theory says that it will change. Management will invent new products and services, cut expenses, renegotiate with creditors through bankruptcy or shut down. However, in a bubble, the people and the corporations and banks all avoid change by going to the government and coming up with thousands of ways to keep their operations afloat using government funds so they do not have to change" government programs, subsidies, contracts, credit, guarantees, regulations and so forth. This is why I start my case study on how the system really works with that old New Jersey street saying - "Make a law, make a business."